Manaksia Coated Metals Achieves All-Time High Stock Price Amid Strong Financial Performance

Manaksia Coated Metals & Industries has made headlines today as its stock price reached an all-time high of Rs. 165.65, marking a significant milestone for the small-cap player in the iron and steel products industry. The stock has shown remarkable performance, outperforming its sector by 4.36% and achieving a consecutive gain of 14.75% over the past two days.
Today's trading session saw the stock hit an intraday high of Rs. 165.65, reflecting a 6.02% increase. The volatility was notable, with an intraday volatility rate of 247.93%. Manaksia Coated is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In terms of performance metrics, the company has delivered impressive returns, with a 146.17% increase over the past year and a staggering 3,144% over the last five years. The recent financial results showcased a net profit growth of 178.53%, with net sales reaching Rs. 249.80 crore. The company's operating profit to interest ratio stands at a robust 3.15 times, and its debt-equity ratio is at a low of 0.63 times, highlighting its strong financial health.